Published 08/03/2024 3:20:07 p.m.

Bill Ackman's Pershing Square Sinks 4.7% In July, Dashing 2024 Gains - Universal Music Group (OTC:UMGNF)

Summary by Benzinga

Bill Ackman's Pershing Square lost 4.7% in July, erasing most 2024 gains, amid weak demand forcing the withdrawal of its IPO.

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Bill Ackman's Pershing Square lost 4.7% in July, erasing most 2024 gains, amid weak demand forcing the withdrawal of its IPO.

Pershing Square Holdings was up 8.7% as of mid-July for the year, but lost 4.7% in the month, ending with a year-to-date gain of 0.7%.

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